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Dear reader!

Sunday, June 9, 2013

Many readers (especially junior employees) raise doubts about the meaning of “Merger of D.A at 4879 points” as mentioned in 07.03.2013 talks..Also comment on the delay in the process of wage revision talks.Hence I will post about the significane of merger of D.A. with Basic Pay,And the process of wage revision talks in the banking industry.Those who already know about these subjects may explain to their juniors in the branches.Others pl. read/understand and tell others.Before that for ur inderstanding I give below the details of how D.A is calculated.RE-POSTED:

In today's meeting, we demanded that there
should be a time bound programme to complete the negotiations without much
delay to arrive at the wage revision settlement at the earliest. IBA also
agreed with our views and informed that the same can be worked out by mutual
discussions. Today we also demanded that the wage revision should be effective
from 1st November 2012 and that the new pay scale should be constructed by merging
the DA at 4876 points i.e. the DA applicable to July- September 2012 quarter.
We also insisted that the IBA should make their offer on the percentage of wage
load acceptable to them. For this, the IBA informed us that they would consult
the higher authorities in the Government and inform us in the next round of
discussions. The IBA suggested that the pay scales could be constructed by
merging the DA applicable upto 2009. We did not agree to this proposal. This
issue will be discussed further.